Financial Times FT.com

China will tax grain exporters

By Jamil Anderlini in Beijing

Published: December 30 2007 18:16 | Last updated: December 30 2007 18:16

China is to introduce taxes on grain exports in the latest attempt to rein in food-driven inflation that reached an 11-year high in November.

Exporters of 57 types of grain, including wheat, rice, corn and soya beans, will have to pay temporary taxes of between 5 and 25 per cent, the country’s Ministry of Finance said on Sunday.

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